Nuovo perp Hut W
Qualcuno ha l'isin di questo e degli altri perpetuals USD?
Potrebbe essere utile aggiungerli alla lista anche per rimpolpare i non financials.Grazie
NEW YORK (Dow Jones)--Hutchison Whampoa Ltd. (0013.HK, HUWHY) launched a $1 billion perpetual bond Wednesday at a yield 6.0%, according to a person familiar with the matter.
Initial price talk had suggested a yield between 6% and 6.125%, with private banks getting a 25-cent rebate, according to an earlier term sheet.
The subordinated bond is callable after five years and features a 100-basis-point step-up from year 10.
Goldman Sachs and HSBC are joint bookrunners on the planned Rule 144A/Reg S deal, which is provisionally rated Baa2 by Moody's Investors Service and BBB by Fitch Ratings and Standard & Poor's Ratings Services. It will qualify for 50% equity credit from the three rating firms.
Hutchison is one of Hong Kong's biggest companies, with businesses ranging from ports to property to telecommunications. Its bonds are often used as a benchmark for other deals in the region.
In January, it sold a two-tranche dollar bond, which it tapped for a total value of $2.5 billion.